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Wednesday, 24 August 2011 18:14

HDFC SL Crest Review

Written by  Yashish Dahiya
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Rating 3.85 (57 Votes)

HDFC SL Crest Review 


Plan Name: Crest

Insurer: HDFC Life Insurance Company Limited

Category: Unit Linked Insurance Plan

Objective: Financial protection of family and good return on investment


HDFC Crest is a Type I ULIP which means that under the death clause, you are entitled to higher of Sum Assured or Fund Value

Crest has both options- one can freely allocate in any of the funds available or choose NAV fund. In the latter, you will get the fund value based on guaranteed NAV. The guaranteed NAV will be equivalent to highest NAV achieved during the first 7 years of fund or INR 15 whichever is higher.


Benefits of HDFC SL Crest 


Maturity:  The fund value as per NAV option or free asset allocation will be provided to you.


Guaranteed Maturity Addition: Amount equivalent to 1% of fund value will be added to the maturity amount.


Settlement Option: Instead of lump sum amount on maturity, you can choose to receive the amount in installments over the next few years.


Loans: You can avail the loan facility however the maximum loan amount that can be availed would be lower of 40% of surrender value or annual premium.


Eligibility for HDFC SL Crest 


Minimum Entry Age: 14 Years

Maximum Entry Age: 55 Years

Policy Term: 10 Years

Premium Paying Term: 5 Years

Minimum Premium: Rs 50,000 Annual Mode


Returns in HDFC SL Crest 


Any ULIP’s performance is directly dependent on the performance of the fund which in turn depends upon equity and debt market. If the market is rising, it will automatically reflect on your returns.


For free asset allocation HDFC Crest has 5 funds- Opportunities fund, blue chip fund, balanced fund, income fund and short term fund.

The NAV fund of HDFC SL Crest is called Highest NAV Guarantee fund. The fund invests in a mix of equity and debt and proportion keeps changing as per some dynamics.

In a typical scenario, you will be able to get at least 10% return on investment

The investment risk is borne by the policyholder.


What charges does HDFC Crest deduct and how much? 


The premium amount paid by you is not invested directly. Initially, some charges are deducted and then units of the fund are bought. The rest of charges are deducted by cancellation of the units.


Premium Allocation Charges: These charges are deducted as percentage of premium. Insurer deducts these charges on account of expenses incurred by the company – medical examination, policy issuance, underwriting bills. The charges are deducted till 5th year and ranges from 2% to 4% of annual premium.


Fund Management Charge: The annual charges for the Funds are 1.35%.


Cost of Guarantee: An additional charge of 0.5% will be charged for the NAV fund.


Policy Administration Charge: These are monthly deductions which start from first month and are for maintaining the policy- paperwork, work force etc.  The monthly charge is 0.31% of annual premium and will increase by 5% every policy anniversary.

 

Mortality Charge:These are charges deducted as a part of life cover provided and are recovered through cancellation of units.


Are there any tax benefits? 


Under Section 80C you can avail tax benefit, yearly premium (not more than 1lac) will be deducted from taxable income.

Under Section 10(10D) death claim is completely tax free.


What else should I know about?


Partial Withdrawal: If policyholder is above 18 years and the minimum amount that can be withdrawn is Rs 10,000.

 

Grace period: Crest can be renewed within 30 days from the premium due date. Additional 30 days are given after notice has been sent to revive or discontinue the policy.

 

What to do?


To Cancel Policy: Crest plan can be cancelled within 15 days of receiving the policy contract. A written application can be submitted to any branch for the same. The premium will be paid back minus some charges like stamp duty, medical reports.

 

If you want to cancel policy after the initial period of 15 days, you can do it but the amount will be paid only after lock in period years. If you cancel policy within 5 years from inception, the amount will grow at interest rate of 3.5% compounded annually. After five years, if you cancel the policy, there will be no cancellation charges and amount will be paid immediately.

 

Compare Returns in Investment Plans!!

How much will you get?

get_quote

 

67 comments
  • Comment Link Sparsha Vyas Thursday, 22 September 2011 18:54 posted by Sparsha Vyas

    How is HDFC SL Crest better then other highest NAV Guarantee Fund option? Pl. reply asap.

  • Comment Link Administrator Friday, 23 September 2011 18:40 posted by Administrator

    Hi Sparsha
    Every ULIP has its own set of benefits. HDFC SL Crest offers higher of NAV of Rs 15 or highest NAV achieved during the first 7 years of the fund.

  • Comment Link deep Wednesday, 28 September 2011 16:24 posted by deep

    Worth while investing in it........

  • Comment Link ravi Saturday, 29 October 2011 21:31 posted by ravi

    why hdfc sl crest is reliable

  • Comment Link vivek Wednesday, 02 November 2011 12:11 posted by vivek

    The guaranteed NAV will be equivalent to highest NAV achieved during the first 7 years of fund or INR 15 whichever is higher.

    So basically there will be no return on last 3 years, highest NAV is coming at the cost of "no return on last 3 years"

    Can somebody tell me what is current unit purchase cost of this fund. As INR 15 is guaranteed, so what is its current price.

  • Comment Link Administrator Wednesday, 02 November 2011 18:36 posted by Administrator

    Hi Vivek
    The guaranteed NAV will be higher of INR 15 or highest NAV during the first 7 years.
    But on maturity if NAV is above 15 (example 17), then fund value will be based on NAV of INR 17.

    The current NAV as on Nov 1, 2011 is INR 9.5718.

  • Comment Link Bhuvnesh Monday, 07 November 2011 16:30 posted by Bhuvnesh

    Hi,

    pls tell me is it worth investing in HDFC crest at this period?

  • Comment Link Administrator Tuesday, 08 November 2011 18:41 posted by Administrator

    Hi Bhuvnesh
    HDFC SL Crest is a NAV based plan which ensures that at the time of maturity, you are assured of a minimum NAV based fund value.

    The only issue with NAV based plan is that since a minimum NAV is guaranteed, fund managers tend to take less risks as against a normal ULIP. The latter might end up providing more returns depending on fund management and market performance.

  • Comment Link AnkushPatial Friday, 18 November 2011 12:48 posted by AnkushPatial

    kindly confirm hidden charges, before taking this policy........
    there are many and they dont tel while givig policy

  • Comment Link Rahul Gupta Saturday, 19 November 2011 16:37 posted by Rahul Gupta

    Do you think, as an advisor that it is worth investing in CREST.

  • Comment Link Administrator Tuesday, 22 November 2011 14:34 posted by Administrator

    Hi Rahul
    If you are looking to maximize your returns, you can take more risk and invest in normal ULIP. In a NAV based plans, since a minimum NAV is guaranteed, less risks are taken. However in a normal ULIP, aggressive approach is adopted which might lead to higher returns.

  • Comment Link Hardev Friday, 25 November 2011 15:52 posted by Hardev

    Can i withdrawal after one year. what will be the charges.

  • Comment Link Administrator Friday, 25 November 2011 17:51 posted by Administrator

    Partial withdrawal is only available after the lock-in period which is 5 years.

  • Comment Link neeraj Thursday, 22 December 2011 16:00 posted by neeraj

    if i take rs. 50000 annual premium highest NAV CREST policy, and:
    1. in the 6th year it has highest NAV of 20 (in first 7 years)
    2. in 8th year NAV was 25
    if i withdraw in 8th year (current NAV=23), how much amount do i get?

  • Comment Link Administrator Thursday, 22 December 2011 18:27 posted by Administrator

    The guaranteed NAV is applicable only if you continue the plan for the entire policy term.

    If you withdraw earlier than the maturity date, then the fund value will be paid based on existing NAV on that particular date.

  • Comment Link Ramanidharan Friday, 06 January 2012 13:50 posted by Ramanidharan

    How is HDFC progrowth maximiser (minimum guarenteed NAV ) single premium policy.

  • Comment Link Administrator Friday, 06 January 2012 14:31 posted by Administrator

    Hi Ramanidharan

    You can read about HDFC Progrowth Maximiser from the following link:

    http://knowledge.policybazaar.com/life-insurance/item/409-hdfc-life-progrowth-maximiser-review.html

  • Comment Link vimal Sunday, 15 January 2012 17:31 posted by vimal

    Hello Sir,

    I want to present a scenario and want your reply on that.
    1) I have taken highest NAV guranteed option.
    2) Highest NAV in first 7 years in Rs 25.
    3) NAV at the time of maturity (i.e after 10 years) is Rs. 32

    So Will be paid according to NAV of 25 or NAV of 32

  • Comment Link Administrator Monday, 16 January 2012 18:19 posted by Administrator

    Hi Vimal
    As per your scenario, you will be paid NAV of Rs 25 as it is the highest NAV achieved in the first 7 years.

  • Comment Link ABDUL MALIK Monday, 16 January 2012 21:35 posted by ABDUL MALIK

    nt at all dis fund is nt performing from d date of its launch,,,,,,,so dnt go for highest NAV plans,,,,,,,,,,,

  • Comment Link ravindra Monday, 23 January 2012 18:48 posted by ravindra

    Hello Abdul Malik,

    Please can u tell me performance of highest NAV Crest.
    Recently hdfc came about this... I want advice about Crest whether to go or NOT.

  • Comment Link Jigar Patel Wednesday, 25 January 2012 12:49 posted by Jigar Patel

    Hi All,
    In such product NAV should maintain near 15 Rs. so at that time if u calculate return for 7 years not more then 10%.

    Disadvantage
    (1) No fund switch option.
    (2) NAV is Stable near 15 rs. so no more benefits.
    (3) High charges.

  • Comment Link Maddy Thursday, 09 February 2012 02:15 posted by Maddy

    I am still having confusion on this, whether to invest amount on this or not. Because
    1. Is this policy is better than ICICI pru Pinnacle super?if yes, how?
    2.One of the policy bazaar executive said that I will get return at maturity (either Rs. min guranteed or highest return NAV for first 7 years or Nav at Maturity (if higher than earlier)). Is this is correct ?

    Can anybody help me on this?

  • Comment Link Harish Wednesday, 15 February 2012 13:32 posted by Harish

    Fund Management Charge: The annual charges for the Funds are 1.35% - Is this charged annually for the full tenure (10 years)?


    Cost of Guarantee: An additional charge of 0.5% will be charged for the NAV fund. Is this charged annually for the full tenure (10 years)?



    Policy Administration Charge: These are monthly deductions which start from first month and are for maintaining the policy- paperwork, work force etc. The monthly charge is 0.31% of annual premium and will increase by 5% every policy anniversary.

    Is this charged annually for the full tenure (10 years)?


    Mortality Charge:These are charges deducted as a part of life cover provided and are recovered through cancellation of units.

    Is this charged annually for the full tenure (10 years)?

  • Comment Link Sriram Wednesday, 22 February 2012 19:31 posted by Sriram

    Hello,

    In the following scenario...

    I want to present a scenario and want your reply on that.
    1) I have taken highest NAV guranteed option.
    2) Highest NAV in first 7 years in Rs 25.
    3) NAV at the time of maturity (i.e after 10 years) is Rs. 32

    I was told by HDFC representative that Rs.32 will be paid and not Rs.25. I am confused.

    What is the current NAV value?? Is it better than investing in FD's with current rate of interest of 9.25%

    Thanks
    -Sriram

  • Comment Link Administrator Friday, 24 February 2012 11:38 posted by Administrator

    Hi Sriram
    If you choose Highest NAV Guarantee fund,as per you query, then the maturity amount will be paid on basis of NAV of Rs 25.
    Present NAV- 9.8

    A FD is a completely different investment tool as it does not offer any insurance. Also FD is for limited period while insurance plans are for comparatively longer policy term.

  • Comment Link archana Saturday, 31 March 2012 22:33 posted by archana

    It was suggested that for free asset allocation HDFC Crest has 5 funds- 1.Opportunities fund, 2.blue chip fund, 3.balanced fund, 4.income fund and 5.short term fund. for higher returns in which fund we should invest?!

    in the earlier comment by jigar patel, he said; No fund switch option. I wish to know if i invest in balance fund, whether any free switching of fund is allowed or not?! and if it is allowed, annually how many free switches are allowed?!

  • Comment Link Administrator Tuesday, 03 April 2012 11:02 posted by Administrator

    Hi Archana
    The fund you should invest depends on your risk appetite. Some funds are aggressive while others are conservative. If you want higher returns, you can go for Opportunities or Blue chip fund. These two funds are high risk and high return.

    No fund switch is allowed if you have opted for highest NAV guaranteed fund. You can switch from balanced fund. Kindly confirm free switches from HDFC Life.

  • Comment Link Ramesh Saturday, 07 April 2012 18:38 posted by Ramesh

    Hi,
    I had applied for HDFC Life Crest Plan. I had also paid the money, still I havent got the Certificate. I am still fighting with the loyalty department which sold this plan to me. I have also written to the customer care department, but still I dont get responsible reply.So dont just go by the returns, also consider the costomer support in case of issues.
    Thanks
    Ramesh

  • Comment Link rahul Saturday, 23 June 2012 15:57 posted by rahul

    hello sir,
    my hdfc life crest plan is of 1lakh p/a. for 5 years,dated june 2011
    can u just tell me what will be my returns after 5 years or 10 years

  • Comment Link Administrator Thursday, 28 June 2012 10:51 posted by Administrator

    Hi Rahul
    The returns are totally dependent on performance of fund. And the fund depends on equity, debt market. The market performance will dictate your returns.

  • Comment Link Jeet Saturday, 07 July 2012 16:12 posted by Jeet

    Hello,

    I need help on following scenario:

    If I invest Rs 1 lac per annum in highest NAV guaranteed option, I was told that I will get Rs 7.5 lac minimum after 5 years by an HDFC executive. Is this true? Or the minimum Rs 15 option is valid if I wait for the maturation of policy term.

    I guess my question is what is the minimum I will get after 5 years? I know maximum is dictated by the market dynamics.

    Thanks
    -Jeet

  • Comment Link Administrator Wednesday, 11 July 2012 10:58 posted by Administrator

    Hi Jeet
    For 5 years policy, there is no minimum guaranteed returns. The amount that you will get after 5 years will be fund value which is dependent on market. The policy should be bought if you can keep it for entire term. You are correct about minimum NAV which is valid only if policy is continued for entire term.

  • Comment Link Hemen Doshi Wednesday, 03 October 2012 14:54 posted by Hemen Doshi

    Hello,
    If i have invested 50K in this plan for 10 yrs...what will be my EARLIEST WITHDRAWAL date from the plan...and what will be my Minimum Premium Payment Term for the same....

    Thank You
    Hemen Doshi

  • Comment Link Administrator Thursday, 04 October 2012 18:49 posted by Administrator

    Hi Hemen
    You can make partial withdrawal of minimum amount of Rs 10,000 after 5 policy years. However partial withdrawal should be made only if you are in need of urgent money.
    For the full maturity amount, you need to wait the full policy term. The premium payment term is 5 years.

  • Comment Link Srinivasa Yakkanti Wednesday, 10 October 2012 21:09 posted by Srinivasa Yakkanti

    Bakwaas policy hai... don't take this policy... I have taken with 50K for 10 yrs. They charge heavily which is not intimated to me while taking the policy. The agents don't inform about the hidden charges. They are charging Rs. 3200/- annually apart from the administration charges. Every month policy Units getting reduced and you fund value going down. These Hidden charges makes you get no returns by the end of policy term.
    I talked to the HDFC customer care about this and they are not aware of any information on this.
    Please check before taking such policies. Instead invest in some other ULIPs or equity market yourself.

  • Comment Link mann Monday, 15 October 2012 01:32 posted by mann

    What do u think it is worth of buying? Some 1 told me this plan is now closed, is it true

  • Comment Link Administrator Thursday, 18 October 2012 18:04 posted by Administrator

    Hi Mann
    HDFC SL crest is available for purchase and can even be bought online.

  • Comment Link Kamal Friday, 19 October 2012 16:25 posted by Kamal

    I have recently applied for this policy and for this year I can use the receipt for tax saving purpose but for next financial year can I use the same receipt from Apr till Oct as my premium date would be in Oct'13. I am a bit confused and need ur advice coz my employer will start decucting tax from Apr'13.

  • Comment Link Alok Friday, 19 October 2012 17:52 posted by Alok

    There are 2 contradictory replies as below:

    "Wednesday, 02 November 2011 18:36 posted by Administrator
    Hi Vivek
    The guaranteed NAV will be higher of INR 15 or highest NAV during the first 7 years.
    But on maturity if NAV is above 15 (example 17), then fund value will be based on NAV of INR 17."

    and

    "Monday, 16 January 2012 18:19 posted by Administrator
    Hi Vimal
    As per your scenario, you will be paid NAV of Rs 25 as it is the highest NAV achieved in the first 7 years."

    Please clarify.

  • Comment Link Matthews Monday, 22 October 2012 23:09 posted by Matthews

    I have paid 2 annual installments of 1 lac each for HDFC SL Crest Highest NAV Guarantee Fund. Can I convert my present policy to Free Asset Allocation Plan instead of NAV Guarantee Plan. If it is possible, I think free asset allocation scheme will give more return in the present market conditions. Kindly give your views.

  • Comment Link Administrator Monday, 22 October 2012 23:16 posted by Administrator

    Hi Alok
    Thanks for pointing the issue.

    In HDFC Crest, if we choose guaranteed NAV fund, you are assured of higher of:
    (a) guaranteed NAV of Rs 15 or
    (b) Highest NAV recorded daily during the first 7 years of fund

    This is the guaranteed NAV which you are assured to get.
    But if the final NAV is higher than guaranteed NAV, then you will get maturity value based on final NAV.

    Example:
    If highest NAV during first 7 years of the fund is Rs 18 and NAV on maturity is Rs 20, then maturity fund value will be based on NAV of Rs 20.
    If highest NAV during first 7 years of the fund is Rs 18 and NAV on maturity is Rs 16 then maturity fund value will be based on NAV of Rs 18.

  • Comment Link Administrator Monday, 22 October 2012 23:30 posted by Administrator

    Hi Kamal
    When you make income declaration, you can declare about the premium amount. Employer also need premium certificates at later stage. Declaration about premium is accepted by employer and you can submit premium certificate during the last months of the financial year.

  • Comment Link Rahul Sunday, 28 October 2012 20:59 posted by Rahul

    A couple of questions:

    a) Is HDFC Crest a tax-saving policy? If I invest 1 lakh a year here, will I get tax benefits for the amount invested?

    b) I am a complete novice, and don't really understand what NAV means. If I invest 5 lakhs for 5 years, and the highest NAV reached is Rs.18, how much returns will I get? What are the ways of calculating the returns?

  • Comment Link Administrator Tuesday, 30 October 2012 11:10 posted by Administrator

    Hi Rahul
    1. You are entitled to tax benefits under Section 80C. The upper limit that is deductible from taxable income under this section is Rs 1 lakh.
    2. The net premium amount is used to buy units of the fund. Each unit of fund has a value which is called NAV.
    Suppose you have total of 2000 funds at the end of policy term. And if highest NAV is Rs 18, then you will get maturity amount which is equal to total units x NAV value which in this case will be 2000 x 18= Rs 36000.

  • Comment Link Administrator Tuesday, 30 October 2012 12:30 posted by Administrator

    Hi Mathews
    You are not allowed to shift from one investment option to another so you will have to continue as per the investment option taken at inception of the plan.

  • Comment Link Saunak Tuesday, 06 November 2012 13:20 posted by Saunak

    Hello Admin,

    I have taken the policy for 51K last year (free allocation) and now its time for paying my next premium. Can you please help whether i should invest in blue chip or income fund. I have already done a 100% switch of fund from blue chip to income fund (amount invested last year at 10.4) please suggest how to go about.

  • Comment Link Ram Monday, 03 December 2012 11:59 posted by Ram

    Admin:

    I have policy of gauranteed nav crest and was confirmed that I need to invest for 5 years and I can get full maturity back after 7 years (not 10 yrs). During this period, I will get the highest NAV during 7 years or INR 15 guaranteed.

    Pl confirm if the above is indeed true, thanks

  • Comment Link Vinod Saturday, 08 December 2012 14:47 posted by Vinod

    ^^ please note, INR 15 is a misconception, practically you will end up getting around 3.5 to 4 since all the charges will almost account for about INR 9.
    Moreover if the INR 9 is not met every year the units are used up to cover their charges. therefore the end result is applicable only to the remaining units.
    Agreed, if the NAV in the first seven years shoot up above 21 the end result may be close to INR 15, But that has less probability (my opinion) considering its performance still now.
    If you are expecting more returns with lesser risk try some FD.

  • Comment Link Indira Monday, 10 December 2012 13:44 posted by Indira

    After doing initial analysis, I found that the Rs 15 minimum NAV will not fetch even FD return. NAV value should be around 22Rs if you want to get a return of FD (10 yrs and 8.75%).

    FD will fetch you around 492000/- at end of 10 years. Minimum NAV 15 Rs will fetch you around 345000/- Even after TAX deduction I assume you get more in FD than HDFC SL Crest. Yes HDFC will give you life insurance, so choice is yours.

  • Comment Link Amit Monday, 10 December 2012 20:33 posted by Amit

    Hello ! Everybody

    HDFC is a market link ULIP plan with high Administrative charges ever year. Your fund value will keep on decreasing due to administration charges every year. More over if the market condition are not good your fund NAV will all decrease. I do not recommend this policy instead take a Pure Endowment policy with good bonus returns.

    Amit

  • Comment Link Aparna Tuesday, 11 December 2012 10:36 posted by Aparna

    The POLICY is good and I have taken it also. But, I am disappointed with the customer service. My name and address were wrongly spelt when I received the policy document. [I was asked to write them on a separate sheet and not on the application directly. I am a Post graduate and am literate enough to SPELL my name correctly. From the scanned copy I saw that the executive had made the spelling error in my name and the data entry added more to it.] I wrote the appropriate application form and handed it over to the executive. NO UPDATE RECEIVED even after a month. They said it is updated on the system. How can I believe that for a 10 year policy? I have asked them for a confirmation letter.

    POOR SERVICE. NO MORE HDFC policies!

  • Comment Link Ravi Monday, 17 December 2012 22:12 posted by Ravi

    i just took the policy last week, you know all the charges come around 12% of your premium paid every year. so if this wants give beter returns than FD( > 10%) then fund shall perform at least with 22% returns every year. I cross my fingers now. thinking wheter to continue this or not.. i am in lookout period now.

  • Comment Link pritam Thursday, 20 December 2012 11:02 posted by pritam

    hi, i am a first time investor & i want to invest in gold sip. recently i got call from hdfc about investment & there agent suggest me to invest in HDFC crest which has highest nav.
    he told me to invest 50000 in crest for 5 years & then i will get the minimum 15 nav after 5 years or maximum which is the highest nav after 5 years. so i just want to ask whether i go for hdfc crest or not?
    which are the best plans for first time investor?

  • Comment Link Administrator Friday, 21 December 2012 16:47 posted by Administrator

    Hi Pritam
    The guaranteed NAV will be equivalent to highest NAV achieved during the first 7 years of fund or INR 15 whichever is higher.
    You need to pay premium for 5 years only. But maturity amount is payable after 10 years and not 5 years as mentioned by your agent.

    Since you are first time investor, here are few tips:
    1. Any life insurance investment plan is long term, so in order to derive good benefits, assume you have to stay invested for 10 years or more.
    2. Always before buying any plan, check charge structure. Low charge structure means more amount gets invested and hence more returns. Some low charge plans are Aegon iMaximize, Bharti AXA Future Invest, Kotak Invest Maxima etc.

  • Comment Link Raj Wednesday, 02 January 2013 19:12 posted by Raj

    Hello people,
    Never ever fall trap into any of HDFC policy.It is nightmare, they cheat you so openly with no hesitation. Firstly the sales guy doest have any information on charges or if he has he is told not to disclose any of the information. I bought HDFC SL crest policy on Dec 2011 and it is said to be share market linked plan. The sensex was 15450 at that time. as on today the sensex is 19500, can any of you guess whats my poliy is worth of today, its -2500 rupees.I invested 50000 anual and today its value is 47500.let me share their cheating at every stage step by step. very firsat when you invest say about 50000 your poly is allocated units worth about 47000 only, not sure what happened to 3000. and the funny part is when you pay 50000 again for next year again you are allocated units worth 47000 only so its recurring. then they charge monthly administration charges of 350 rupees which amounts to 3800 anually.Now see the best part they they use your money, invest in the market earn decent 300% and also steal your hard earned money too. just imagine the market has increased from 15450 to 19500 in a year and I see -3500 on my policy, just unbelievable. Honestly the HDFC agent who are employees hide every possible information and trap all your hard earned money.in just about 6 months all whom you spoke would have left the company and changed the no. and lastly I heard if you want to withdraw your own money it will attract heavy chanrges so you are trapped there too.end of the day chances are after 7/10 years your money would remain same by miracle or few 10 thousands less then what you invested.

  • Comment Link Sanjay Friday, 01 February 2013 20:25 posted by Sanjay

    If this is the case, then what an investor should do, who has already paid two instalments of HDFC crest. whether he should stop investing further & bear the loss already incured or should he continue investing next three instalment & hope for a good return after 5 years, meanwhile he is insured for 10X amount also. what one should do STOP or CONTINUE?

  • Comment Link preethi Monday, 04 February 2013 18:34 posted by preethi

    HEY TX RAJ... i WAS ABOUT TO TAKE THE CREST... Any suggestion to save tax, planning to invest 50 to lakh...

  • Comment Link MOHAMED SAJID Thursday, 14 February 2013 14:54 posted by MOHAMED SAJID

    WHAT RAJ HAS MENTIONED I AGREE WITH THAT.
    THIS HDFC POLICIES ARE TOTALLY CHEATING THEY NEVER INFORMED ME ABOUT THIS CHARGES EVERY MONTH THEY ARE DEDUCTING MY UNITS WHEN I INVESTED 1 LAC ON JAN-2012 NOW ITS AROUND 89000. BE CARE FULL BEFORE INVESTING IN ANY HDFC LIFE INSURANCE POLICIES AND THE HDFC AGENTS ARE HIDE ALL INFORMATION AND THEY HAVE CHANGED THERE CONTACT NUMBERS AS WELL.

  • Comment Link Sanjay Wednesday, 27 February 2013 10:26 posted by Sanjay

    MAY I GET AN EXPERT'S ADVICE ON FOLLOWING
    I have already paid two instalments of Rs 99999 each for HDFC crest. Now considering its poor performance & lack of customer focus, should I stop investing further & bear the loss or should I continue investing next three instalments & hope for a good return after 5 years?

  • Comment Link joe Wednesday, 27 February 2013 15:11 posted by joe

    why cant all the people who invested in hdfc crest.come together and fight for it.atleast they should give us chance to surrender the policy.i dont mind if they take 3000rs out of my 75000 invested.i appeal to hdfc bank people across the world.you have lost ur standard.ur employees are from villages they behave like dalaal or nukad ka agent or a journalist from news channel from north.the bank manager who forced me to invest my money is transferred also the person whom i trusted has transferred.hdfc lost its standard and its cheating the people.i appeal to all the people who wants to surrender the money come together.cut 2 to 3 thousand dont mind.but give us back our money.no more policy.i went to make fd.and they earned their commission.never trust any indians.friends.take care of ur own wealth.

  • Comment Link joe Wednesday, 27 February 2013 15:17 posted by joe

    i would like to say to hdfc higher level people.plz do not cheat people.ur bank has bcome like an dalaal street.we go back to sbi dena bank or any cooperative bank.give our crest money back.take 3ooo rs dont mind still u will earn.god will punish u all.thats d curse.still i pray.we slogged for money and u sucked it.give us chance to surrender.

  • Comment Link Ravi Tuesday, 05 March 2013 06:46 posted by Ravi

    Hi Everyone,Please dont invest in this fund ,its pure trash,dont go by the agents word present NAV is 10.43 when market is near 20000,so you will get your units back at Rs 15 only as markets may have to cross 40000 mark to exceed this Rs 15 NAV mark which is impossible.

    Read the fine print ,you cannot cancell this policy and get back your money,I tried it and found out the conditions are absurb.

    Cheers

  • Comment Link suresh Thursday, 07 March 2013 10:09 posted by suresh

    Hi,
    i have taken hdfc sl crest with highest nav guarented fund with 50000 premeim for 5 years i have to pay(250000),
    i need clarification on how much money i will get after five years (excluding taxes)

  • Comment Link Kumar Thursday, 07 March 2013 12:28 posted by Kumar

    I jus invested one week before on this. Is it possible to cancel this soon?

  • Comment Link Yashish Dahiya Thursday, 07 March 2013 18:21 posted by Yashish Dahiya

    Dear Kumar
    When you receive policy documents, you have period of 15 days to review the plan and cancel.

  • Comment Link sarosh Thursday, 07 March 2013 22:53 posted by sarosh

    HI all,

    Please dont invest in this . its pure cheating. I ahve taken this policy in 2011 . Paid 3 premiyum and the currect net value is 6000 Rs less tahna what I have paid total.

    Hidden chahrges
    1) 2000-3000 on evry premium will be deeducated.
    2) monthly chagre of Rs 300 approx will be deducted.

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